Zcash (ZEC) Price Reaches $36.99 on Major Exchanges

Zcash (ZEC) traded down 3.4% against the dollar during the 1 day period ending at 21:00 PM ET on October 31st. One Zcash coin can currently be purchased for approximately $36.99 or 0.00052947 BTC on popular cryptocurrency exchanges. Over the last week, Zcash has traded down 1.8% against the dollar. Zcash has a market cap of $603.97 million and $67.25 million worth of Zcash was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed over the last day:

• Bitcoin Gold (BTG) traded down 4.4% against the dollar and now trades at $22.21 or 0.00031786 BTC.
• Horizen (ZEN) traded down 2.7% against the dollar and now trades at $7.36 or 0.00010531 BTC.
• Pirate Chain (ARRR) traded 3.1% lower against the dollar and now trades at $0.18 or 0.00000263 BTC.
• Komodo (KMD) traded 5.6% lower against the dollar and now trades at $0.23 or 0.00000331 BTC.
• ZClassic (ZCL) traded 3.3% lower against the dollar and now trades at $0.0489 or 0.00000070 BTC.

About Zcash

ZEC is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It launched on October 28th, 2016. Zcash’s total supply is 16,328,269 coins. The Reddit community for Zcash is https://reddit.com/r/zec and the currency’s Github account can be viewed here. The official message board for Zcash is forum.z.cash. Zcash’s official website is z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here.

According to CryptoCompare, “ZCash (ZEC) is a digital currency and decentralized open-source cryptocurrency, launched in 2016. It provides users with enhanced privacy and selective transparency of transactions. ZCash is based on the zero-knowledge proof protocol known as zk-SNARKs. This protocol allows the network to maintain a secure ledger of balances without disclosing the parties or amounts involved. Transactions can be audited, verified and tracked without revealing the sender, receiver or transaction amount. ZEC is an inflationary currency, with a maximum supply of 21 million coins. It is accepted by a growing number of merchants, exchanges and other services.”

Zcash Coin Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to acquire Zcash should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView